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- PaPIPchulo replied Aug 1, 2012
Been short since 1.2310 and thinking of hedging my short around this area (1.2225), but haven't yet. The usual algo dumb market retrace hasn't happened yet, so I'll wait for confirmation on that. We are in a historical opportunity for easy money. It ...
- PaPIPchulo replied Jul 26, 2012
I got a buy signal yesterday on the daily, but decided to stay out of it because of my fundamental bias. Not making money hurts as much as losing, especially when algorithms and this manipulated market react with a 200 pip blip when any EU official ...
- PaPIPchulo replied Jul 25, 2012
Big macro factors do affect the EUR/USD long-term (interest rates, FED/ECB balance sheets, inflation) but the EUR/USD is correlated to the S&P. S&P goes down, so does the EUR. Algos inflate the S&P after the London close, EUR/USD mimics the move. ...
- PaPIPchulo replied Jul 24, 2012
After riding from 1.2140 to 1.2080 this morning, reloaded at 1.2093 to 1.2050. This pair has been easy to short for the past few weeks, yet we are still in for a rough dive. However, I have been getting more and more cautious with my plays. ...
- PaPIPchulo replied Jul 23, 2012
It must hurt to not only lose but miss out on 140+ pips down. Book the loss. Move on.
- PaPIPchulo replied Jul 23, 2012
Short since 1.2160 Friday, reloaded more at 1.2130. I fear an intervention in the market (wipe out the shorts), but things may not be erratic enough for that yet. With that said, I follow equities sentiment and the correlation with the EURUSD. ...
- PaPIPchulo replied Jul 22, 2012
Kept my shorts from Friday, knew somehow we were gaping down. We may have a runaway gap in this case, but we'll see what happens with London. I want the gap to fill to load up on this baby. This week we'll see 1.18 I believe.
- PaPIPchulo replied Jul 20, 2012
Why are you emotionally attached to 2230? Think of how much more money you can make following the trend. I'll be happy with 2230 to add to my short, but I'm not counting on it.
- PaPIPchulo replied Jul 20, 2012
As much as I like the peace of mind of booking a profit, it hurts to let 30 more pips slip away. It always happens to me on a Friday
- PaPIPchulo replied Jul 20, 2012
Out from 1.2286 to 1.2180. Will reload shorts Sunday or Monday. Been reloading shorts with every bounce to 1.2285, this baby has room to go, but time to book the profit for this week.
- PaPIPchulo replied Jul 20, 2012
Just a heads up, the announcement from the EU group came out, and they accepted the bailout. I expect a bounce towards the end of London close, but it's purely manipulated, not based on fundamentals.
- PaPIPchulo replied Jul 20, 2012
I'm sorry for the 1.2350 crowd. This pair should have broken 1.20 a long time ago, but many were on that hopium after the EU summit and when the $100b bailout was announced. The bounce was artificial and based on blind hope. Spain yields are where ...
- PaPIPchulo replied Jul 20, 2012
Time to step away from a bit and not get emotional on this one. History is repeating itself. Next week will be ugly for the S&P and the Euro.
- PaPIPchulo replied Jul 19, 2012
It's a manipulated market. All we can do is follow along with what the big players and algos are doing. If you are institutional or managing other people's money, or even if you want to be consistent for more than a good lucky streak, it's ALL about ...
- PaPIPchulo replied Jul 19, 2012
Spain, Italy, Portugal, Ireland, Greece, etc... they are part of the funding group for the ESM of course.
- PaPIPchulo replied Jul 19, 2012
I am aware of daily pip ranges, but I don't bother with setting myself a goal in pips. I'm a swin trader, so it is simply my style, but they I approach a trade is I know what percentage of my account I'm willing to lose per trade and I know my SL. ...
- PaPIPchulo replied Jul 19, 2012
The talk about pips, while it is good to be on the right side of the market, is MEANINGLESS. Open 10 small position at once that move 40 pips, and you can come to a forum and pretend you are some sort of guru since you can make 400 pips in a week!! ...
- PaPIPchulo replied Jul 18, 2012
This smells like a pre-Bernanke bump for the range. One week from now we'll be in the teens. I'm staying short for now.
- PaPIPchulo replied Jul 11, 2012
Done shorting for now, got out at 1.2225 from 1.2290. I'm expecting an impulse retrace before or maybe after the FOMC, but this thing has nowhere to go but down for the rest of the week and month. I'm still wary of the daily action, so a few up ...
- PaPIPchulo replied Jun 28, 2012
Gotta let the stupid algos do their thing on the news. The ATM is open for banks... now where will the money come from? Algos aren't taught to think that far ahead.